secwatch.observer — SEC 8-K summary
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Issuer:     Veradigm Inc. (—)
CIK:        0001124804
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0000950170-23-009164
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 4.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veradigm restates 2021 revenue; Nasdaq non-compliance; cuts FY23 guidance
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- Revenue misstatement estimated at ~$40M aggregate for 2021-2022 continuing ops; restatement of FY2021 required.
- Received Nasdaq notice for delayed 10-K filing; has 60 days to submit compliance plan; no immediate trading impact.
- Revised FY2023 revenue guidance to $615M-$635M (down from $625M-$645M); non-GAAP EPS guidance $0.80-$0.90 affirmed.
- Internal control deficiencies from revenue recognition software led to misstatements; material weaknesses expected.
- Disclosure controls and ICFR concluded ineffective as of Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124804/000095017023009164/0000950170-23-009164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124804/000095017023009164/mdrx-20230320.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009164

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